Commercial Building Near Highway
For Sale
$179,500
100 McCaleb Street, Athens, TX 75751
Commercial building with office and warehouse space near Hwy 31.
Property Size1,500 SF
Price / SF$119.67
Days on Market101
Property Features for 100 McCaleb Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
Keller Williams Realty Athens
(972) 772-7000
Listed By:
Bradford Rummel · License #0422393
(903) 681-3347
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 30 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Athens
Investment Insights
Based on property information with market context.
This commercial building is located off Hwy 31 West. The property is currently occupied by Wainwright Construction. It includes approximately 600 square feet of office space equipped with electricity, gas, and water. Additionally, there is approximately 900 square feet of warehouse space. The layout is suitable for various business needs.
Key Highlights
- Convenient location just off Hwy 31 West in Athens, TX
- Versatile layout suitable for a variety of business needs
- Includes approximately 600 sq. ft. of office space
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $18.00 |
| − Vacancy | −$2.7k | −$1.80 |
| EGI | $24.3k | $16.20 |
| − OpEx | −$8.5k | −$5.67 |
| NOI | $15.8k | $10.53 |
1,500 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 13.98%
Second Best
Flex RnD
$225.6K
$197.4K – $263.3K
NOI $15,795 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75751, TX
17,100
Population
7,432
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
180.4 sq mi
ZIP Area
95
Density / Sq Mi
$71,524
Median Household Income
$31,897
Median Earnings
$1,063
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with office and warehouse space near Hwy 31.
Where is this flex space located?
The property is located at 100 McCaleb Street Athens, TX.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: Convenient location just off Hwy 31 West in Athens, TX; Versatile layout suitable for a variety of business needs; Includes approximately **600 sq. ft. of office space**
